โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io The Paraguayan Senate has approved a bill seeking to regulate cryptocurrency and its operations in the country. The bill, which has been submitted to deputies, was approved with several suggested changes, establishing clear definitions and tax exemptions for companies in the crypto mining and cryptocurrency sector. Countries in Latin America are trying to standardize and regulate cryptocurrencies to bring more clarity to investors dedicated to the industry in the area. On July 14, Paraguay’s senate gave the green light to a cryptocurrency…
Day: July 25, 2022
The best bear market plan? ‘Relentless optimism for the future,’ says fintech CEO
While many crypto veterans give out a wide range of bear market advice and strategies, some opt for a more straightforward approachโoptimism. Being resilient and positive during this time is very important, according to Jeremy Almond, the CEO of Paystand, a B2B payments fintech. Almond told Cointelegraph that the best way to plan during the crypto winter for companies is having what he calls a โbrutal understanding of the factsโ and โrelentless optimism for the future.โ He explained that: โAs a company, you always want to be resilient in case…
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South Korean Prosecutors Raid Home of Terraform Labs Co-Founder โ Regulation Bitcoin News
A team of South Korean prosecutors recently raided the home of Terraform Labs co-founder Shin Hyun-seong. During an earlier raid that targeted 15 places, including seven cryptocurrency exchanges, the prosecutors reportedly secured terra transaction data. Seven Cryptocurrency Exchanges Targeted South Korean prosecutors investigating the spectacular collapse of Terraโs LUNA cryptocurrency reportedly raided the home of Terraform Labs co-founder Shin Hyun-seong on July 22. According to a report, the raid on Do Kwonโs fellow co-founderโs home came a day after 15 other places, including seven cryptocurrency exchanges, were similarly targeted by…
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Exchange Data International and Finalto Partner to Face the Demand in Multi-Asset Trading
Exchange Data International (ED), a leading provider of global security corporate actions, pricing, and reference data services, and Finalto have teamed up to allow EDIโs clients to better access Finaltoโs innovative multi-asset trading service. Finalto has a large client base encompassing a wide variety of market participants, actively trading across multiple financial Instruments, allowing us to provide a unique insight into multi-asset trading behaviour and market activity via its extensive data sets. The unique execution data derived from our trading clients can be consumed by all types of financial institutions…
Blockchain Infrastructure Firm Chain Completes Acquisition of MDT for $100m
Blockchain infrastructure firm Chain has completed the acquisition of Measurable Data Token (MDT), despite the slump in cryptocurrency prices. Chain announced on Saturday that the $100 million deal will provide the company with assets, including MDT, cash-back application RewardMe and financial data protocol MeFi. Chain offers developers cloud services to build blockchain-based applications.ย The unique aspect of this deal involves token conversion, where MDT will become Chain’s native Token XCN, according to The Block. The firm’s internal M&A handled the deal, alongside advisers from Tanner De Witt and Rooney Nimmo, it…
Will the Fed prevent BTC price from reaching $28K? โ 5 things to know in Bitcoin this week
Bitcoin (BTC) enters a new week with a question mark over the fate of the market ahead of another key United States monetary policy decision. After sealing a successful weekly close โ its highest since mid-June โ BTC/USD is much more cautious as the Federal Reserve prepares to hike benchmark interest rates to fight inflation. While many hoped that the pair could exit its recent trading range and continue higher, the weight of the Fed is clearly visible as the week gets underway, adding pressure to an already fragile risk…
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Head of African Regional Central Bank Calls for Creation of Digital Currency โ Emerging Markets Bitcoin News
The head of the Bank of Central African States (BCAS), Herve Ndoba, has told the regional central bankโs board that it must create a common digital currency which will be used by six countries belonging to the Central African Monetary Union (CAMU). Ndoba reportedly wants the BCAS to establish a common legal framework for regulating cryptocurrencies as well. Digital Currency to Modernize Payment Structure In a move seemingly aimed at countering the Central African Republic (CAR)โs recent decision to embrace bitcoin, the head of the BCAS, Herve Ndoba, has reportedly…